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What is the Minnesota credit for taxes paid to another state?

Article ID: 35107  

Question
What is the Minnesota credit for taxes paid to another state?

Answer

Who is Eligible?

You may be eligible for the credit for income tax paid to another state if:

  • you were a Minnesota resident for all or part of 2014; and
  • you incurred 2014 income tax (including tax withheld) for Minnesota and for another state on the same income. A Canadian province or territory and the District of Columbia are considered a state for purposes of this credit.

If You Paid Taxes to More Than One Other State

If you paid 2014 state income tax on the same income to Minnesota and to more than one other state:

  1. Complete a separate Schedule M1CR for each state.
  2. Add the amounts from line 7 or line 11, whichever applies, from each Schedule M1CR.
  3. Enter the result from step 2 on line 7 of Schedule M1C

M1CR Instructions


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Views: 409 Created on: Jun 15, 2013